Significant market and interest rate movements over recent years have seen funding positions improve for many defined benefit pension plans across the UK, and in a lot of cases this has resulted in pension plans finding themselves with an unexpected surplus. If sponsors and trustees are not anticipating a surplus, this can lead to uncertainty … Continue Reading
A surplus arising in a UK pension plan probably seems less likely than England winning the cricket world cup! However, trustees of UK pension plans need to take action now if they wish to preserve the ability to repay surplus to the plan’s employers if and when such a surplus arises in the future. If … Continue Reading
